Tag: Fibonacci

Hello traders everywhere!  Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Thursday, the 21st of July.

Stocks traded higher for the day despite the nagging unemployment problem here in the US.  This week marks the 15th week in a row that jobless claims for unemployment benefits have been over the 400,000 mark.  This is not exactly great news for the White House.

A second bailout for Greece seems to be finished and a done deal.  Does that mean the first bailout didn't work?  Does anyone in Europe really think that this second bailout is going to work?  There's no way the Greeks can or will  pay back these loans, of that I'm pretty certain.

Our Trade Triangle technology scores again as we have been long equities based on this technology for quite some time.  It proves that you don't have to read the news, you don't have to listen to news and you don't have to catch the latest rumor to be a winner in the market.  The market tells you what it wants to do, all you have to do is have a program like MarketClub's Trade Triangles to point the way!

Now, let's go to the markets and see how we can protect and grow your money in 2011.

Continue reading "Stocks Trading Higher Despite The Nagging Unemployment Problem" →

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 20th of July.

Right after we had finished our 1 PM update, the President came on TV and indicated that the gang of six had come to some magical debt agreement.  That was all that was needed to rally the equity markets and push down the price of gold and silver.  Let me just say this, it's not a done deal until it's a done deal and I don't think this deal will get done.

The action in gold and silver today and the fact that they are both higher on the day right now, indicates that yesterday was probably a buying opportunity in both of these metals.

Let's just recap what has really happened.  Nothing has changed, we still have major, major debt problems ahead of us.  As I mentioned in yesterday's 1 PM update, I wanted to see how the markets closed for the day.  I think today is going to be even more important, as we are in the middle of the trading week and we still have the potential for a lot more news to come out.  Last week we closed at 1316 on the S&P 500 and for the month we closed around 1320.  We'll be watching to see if the S&P 500 will keep its upward momentum or have another push down to the 1300 level.

Now, let's go to the markets and see how we can protect and make your money grow in 2011.

Continue reading "A Buying Opportunity For Gold and Silver?" →